On the Dividend Record Date

question 93

Multiple Choice

On the dividend record date

• A) a dividend becomes a current obligation.
• B) no entry is required.
• C) an entry may be required if it is a stock dividend.
• D) Dividends Payable is debited.

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Definitions:

Product Demand

The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price.

Price Elasticity

An estimation of the change in demanded quantity of a product in response to its price movements, signifying how prone consumers are to price changes.

Percentage Change

A mathematical calculation that shows how much a quantity has increased or decreased in comparison to its previous value, expressed as a percentage.